Uber Technologies Inc. (NYSE:UBER) went up by 4.58% from its latest closing price compared to the recent 1-year high of $42.56. The company’s stock price has collected 4.58% of gains in the last five trading sessions. WSJ Video reported on 01/19/23 that Uber Seeking Lower-Cost Electric Vehicles
Is It Worth Investing in Uber Technologies Inc. (NYSE :UBER) Right Now?
Plus, the 36-month beta value for UBER is at 1.19. Opinions of the stock are interesting as 37 analysts out of 48 who provided ratings for Uber Technologies Inc. declared the stock was a “buy,” while 5 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $44.99, which is $15.56 above the current price. UBER currently public float of 1.98B and currently shorts hold a 1.90% ratio of that float. Today, the average trading volume of UBER was 21.88M shares.
UBER’s Market Performance
UBER stocks went up by 4.58% for the week, with a monthly jump of 21.68% and a quarterly performance of 10.28%, while its annual performance rate touched -19.81%. The volatility ratio for the week stands at 3.53% while the volatility levels for the past 30 days are set at 3.25% for Uber Technologies Inc. The simple moving average for the period of the last 20 days is 14.37% for UBER stocks with a simple moving average of 11.72% for the last 200 days.
Analysts’ Opinion of UBER
Many brokerage firms have already submitted their reports for UBER stocks, with Piper Sandler repeating the rating for UBER by listing it as a “Overweight.” The predicted price for UBER in the upcoming period, according to Piper Sandler is $33 based on the research report published on January 09th of the current year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see UBER reach a price target of $38. The rating they have provided for UBER stocks is “Buy” according to the report published on January 09th, 2023.
Raymond James gave a rating of “Outperform” to UBER, setting the target price at $38 in the report published on August 03rd of the previous year.
UBER Trading at 11.04% from the 50-Day Moving Average
After a stumble in the market that brought UBER to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.67% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 3.53%, as shares surge +21.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.64% upper at present.
During the last 5 trading sessions, UBER rose by +4.58%, which changed the moving average for the period of 200-days by -16.84% in comparison to the 20-day moving average, which settled at $26.82. In addition, Uber Technologies Inc. saw 22.77% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at UBER starting from Hazelbaker Jill, who sale 63,100 shares at the price of $31.02 back on Nov 15. After this action, Hazelbaker Jill now owns 80,750 shares of Uber Technologies Inc., valued at $1,957,362 using the latest closing price.
Hazelbaker Jill, the of Uber Technologies Inc., sale 50,000 shares at $30.01 during a trade that took place back on Nov 11, which means that Hazelbaker Jill is holding 145,750 shares at $1,500,500 based on the most recent closing price.
Stock Fundamentals for UBER
Current profitability levels for the company are sitting at:
- -21.74 for the present operating margin
- +31.92 for the gross margin
The net margin for Uber Technologies Inc. stands at -2.84. Equity return is now at value -97.50, with -26.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.